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Section 525 Companies and Allied Matters Act (CAMA) 2020

Section 525 CAMA 2020

Section 525 Companies and Allied Matters Act is about Resignation of administrator. It is under Chapter 18 (Administration of companies: nature of administration) of the Act.

(1) An administrator may resign only in prescribed circumstances.

(2) An administrator may resign only where he is appointed—

(a) by administration order, by notice in writing to the Court ;

(b) under section 452 of this Act, by notice in writing to the holder of the floating charge by virtue of which the appointment was made ;

(d) under section 459 (2) of this Act, by notice in writing to the directors of the company.

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